Mountain America Credit Union, the SBA's top credit union lender in the country, said it helped create 700 jobs in Utah last year.
"Utah has a strong entrepreneurial spirit. Small businesses are the backbone of our society and we need to support them and generate capital to keep Utah going strong," said Mike Turner, senior vice president of business services at the $2.8 billion Mountain America in Salt Lake City.
According to the most recent statistics from the SBA, Utah had more than 230,000 small businesses in 2006 and from 2004-2005 created 86.5% of the state's new jobs. Mountain America has helped to fuel that growth providing loans to a variety of businesses from craft shops to mobile lighting companies, the CU said. It launched its SBA program in 2003 and since then, has commanded the top CU lender spot.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
